Just a couple of months just after disclosing a $15 million round of funding, vCita, the small business management SaaS for SMEs, has created an acquisition: It’s acquiring WiseStamp, a veteran of the Israeli startup scene that launched its e-mail advertising and marketing tool a decade ago.
Unsurprisingly, terms of the deal stay undisclosed. Having said that, I have an understanding of that vCita has acquired WiseStamp as a firm, like all assets, workers, buyer base, technologies and other IP. In addition, WiseStamp’s two remaining founders will join vCita along with the rest of the 20 individual group.
WiseStamp hadn’t taken considerably capital in its reasonably lengthy history, getting raised about $400,000 from angel investors.
Founded in 2009 by Orly Izhaki, Tom Piamenta, Tzvika Avnery and Sasha Gimelshtein, WiseStamp provides a e-mail signature remedy for self-employed specialists. The firm claims more than 50,000 paying consumers, who it says use the platform to improve social media engagement, expand small business attain, and create much more sales.
Meanwhile, the considerably younger vCita says it has more than 100,000 paying customers worldwide who use its SaaS to handle their schedule, track invoices, gather payments, and organize client information by means of the vCita app.
““We’re thrilled to have WiseStamp join our team. Both companies share the same vision: Empowering small business owners to deliver their services at a level comparable to that of a large company, at a fraction of the cost,” says says vCita co-founder and CEO Itzik Levy in a statement.
Adds Orly Izhaki, WiseStamp’s CEO and co-founder: “Over the years, WiseStamp designed sophisticated options that allow hundreds of thousands of tiny enterprises to develop their small business on the net. We are excited about the merger, which will establish us as 1 of the most dominant players in the SMB market place”.